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National Presto Industries Inc. Message Board

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  • pmlljl pmlljl Apr 28, 2003 10:58 PM Flag

    biblioguy

    So far, so good. At least for today my prediction was correct but it must be acknowledged that the market overall had a good day.

    I am still amazed that people have the nerve to be short a stock that has more cash per share than the market price.

    Perhaps they sold short based on stock charts and momentum theory. That is, sell what is going down and hope it goes down some more. Well, the corollary is that you buy what is going up. The shorts may want to check their charts. It appears to me that the stock has made a bottom and is headed up. If that is true, they can cover now or buy later at higher prices. Let the stampede begin!

 
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